Growth and Volatility Reconsidered: Reconciling Opposite Views

Table 2

Descriptive statistics.

Descriptive statistics
Series	Obs	Mean	Std. dev.	Min	Max
GDP growth	750	0.0233	0.0287	−0.1302	0.11639
GDP volatility	750	0.0232	0.0147	0.0036	0.0957
Consumption volatility	750	0.0186	0.0142	0.0022	0.0987
Investment volatility	750	0.0798	0.0476	0.0079	0.323
Government consumption volatility	750	0.0162	0.0100	0.002	0.0646
Investment share of GDP	750	28.81	5.6367	16.0422	53.5848
Education	750	42.23	13.67	9.76	73.42
Population growth	750	0.006	0.0050	−0.0046	0.0241
Initial level of GDP	750	22541.93	8156.53	3980.23	66065.33